Neilrex is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2831). With a population of 81, the suburb has an established demographic with a median age of 43. Households earn a median income of $75K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Neilrex is $250,000, having dropped significantly 91.2% over the past year. The median weekly rent is $155 (Census 2021). This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,500.
Public transport access includes 15 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Neilrex offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($250K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.3x is considered affordable. House prices have moved -91.2% year-on-year.
Neilrex is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2831). With a population of 81, the suburb has an established demographic with a median age of 43. Households earn a median income of $75K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Neilrex is $250,000, having dropped significantly 91.2% over the past year. The median weekly rent is $155 (Census 2021). This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,500.
Public transport access includes 15 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Neilrex offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($250K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.3x is considered affordable. House prices have moved -91.2% year-on-year.